2 McCallum Street
St. John's, NL, A1A3H4
4 Beds | 2 Baths
$279,000
About the property (MLS: 1276723):
1,200 sq ft bungalow with an in-law apartment accessible to the main floor. In-Law apartment has a large family room, kitchen, and bathroom with shower. The third bedroom on the main floor has been converted into a TV room with patio doors leading to the deck. A wheelchair ramp provides access to this room, though some repairs may be needed if the ramp is to remain. The home is in generally good condition but may require some minor cosmetic updates and repairs. (id:56688)
Property Details
MLS: 1276723
Listing ID: 27340495
Address: 2 McCallum Street, St. John's, Newfoundland & Labrador, Canada A1A3H4
Status: Active
Last updated: 14 days ago ( Aug 28, 2024 )
Year Built: 1970
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 4
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Carpeted
Fencing: Partially fenced
Living Area Total: 2,350 square feet
Price per sq ft: $119
Tax Annual Amount: $3,300
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Stove, Dryer
Water Source: Municipal water
Heating: Electric
Flooring: Hardwood, Carpeted
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 19
Rurl
Coordinates: [47.595792, -52.694008]
Listing ID: 27340495
Address: 2 McCallum Street, St. John's, Newfoundland & Labrador, Canada A1A3H4
Status: Active
Last updated: 14 days ago ( Aug 28, 2024 )
Year Built: 1970
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 4
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Carpeted
Fencing: Partially fenced
Living Area Total: 2,350 square feet
Price per sq ft: $119
Tax Annual Amount: $3,300
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Stove, Dryer
Water Source: Municipal water
Heating: Electric
Flooring: Hardwood, Carpeted
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 19
Rurl
Coordinates: [47.595792, -52.694008]
Rooms
| Basement | Utility room Bedroom Bedroom Kitchen Living room Family room | 4.5x11 null 9x9 null 10x13 null 10x7 null 17x13 null 19x13 null |
| Main level | Bath (# pieces 1-6) Bedroom Primary Bedroom Family room Kitchen Dining room Living room/Fireplace | 10x7 null 9x9 null 13x15 null 10x13 null 9.5x16 null 12x13 null 17.5x18 null |
Basic Calculator
First Mortgage: $223,200
Mortgage insurance premium: $0
Total Financing: $223,200
Rough closing fee (1.5%): ~ $4,185
Total downpayment with estimated closing fee: $59,985
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,585 | $31,020 |
| Gross rental income (income/principal ratio) | 0.927% | 11.118% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $349 | $4,188 |
| Vacancy | $130 | $1,551 |
| Management Fee | $207 | $2,482 |
| Expense / Income Ratio | 13.50% | 13.50% |
| Cash Flow | $1,900 | $22,800 |
| Net Operating Income (NOI) | $1,900 | $22,800 |
| Capitalization Rate | 0.68% | 8.17% |
Capitalization Rate: 8.17%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $398,572
